Lion One Metals Restricted (TSXV: LIO,OTC:LOMLF) (OTCQX: LOMLF) (“Lion One” or the “Firm”) is happy to announce that it has closed its beforehand introduced and upsized non-brokered sidecar personal placement for gross proceeds of $8,310,245.44 (the “Sidecar Non-public Placement”). The Sidecar Non-public Placement was accomplished along with the Firm’s lately accomplished non-brokered personal placement pursuant to the listed issuer financing exemption accessible underneath Nationwide Instrument 45-106 – Prospectus Exemptions for combination gross proceeds of $25,000,000 (the “LIFE Providing”).
Pursuant to the closing of the Sidecar Non-public Placement, the Firm issued an combination of 25,969,517 models (the “Supplied Items“) at a value of $0.32 per Supplied Unit (the “Concern Value“). Pursuant to the Sidecar Non-public Placement and the LIFE Providing, the Firm has raised combination gross proceeds of $33,632,005.12, representing the issuance of an combination of 105,100,016 Supplied Items on the Concern Value. Every Supplied Unit issued pursuant to the Sidecar Non-public Placement and the LIFE Providing consisted of 1 frequent share of the Firm (a “Frequent Share“) and one Frequent Share buy warrant (a “Warrant“). Every Warrant will entitle the holder thereof to amass one Frequent Share at an train value of $0.42 for a interval of three years from the date of issuance.
Lion One’s CEO Ian Berzins said: “We’re very happy with the overwhelming demand we acquired for this upsized LIFE Providing and Sidecar Non-public Placement. This demand represents a robust vote of confidence in Lion One. With the completion at present of the Sidecar Non-public Placement, we will now speed up the acquisition of a number of key items of underground cellular tools which can allow us to additional improve mine growth and manufacturing at Tuvatu. We are able to additionally make sure the completion of the flotation plant in Q1 2026, which can improve our gold recoveries to over 90%. The Firm is effectively positioned to make the most of the robust gold value atmosphere and we’re very excited for what lies forward as we proceed to ramp up growth and manufacturing at Tuvatu.”
The Firm intends to make use of the web proceeds from the LIFE Providing and the Sidecar Non-public Placement to fund the event of the Firm’s 100% owned and absolutely permitted excessive grade Tuvatu Gold Mission, compensation of principal and curiosity for the Firm’s mortgage facility with Nebari, and for working capital functions.
In reference to the Sidecar Non-public Placement, the Firm paid combination finder’s charges of $635,904 in money and issued 1,987,200 finders warrants (the “Finder’s Warrants“) to Canaccord Genuity Corp., Ventum Monetary Corp., Golden Capital Consulting Ltd. and Hasselbom Forvaltning AB, in accordance with the insurance policies of the TSX Enterprise Alternate (the “TSX-V“) representing a money fee equal to eight% of the gross proceeds raised from purchasers launched to the Firm by eligible finders and eight% of the combination variety of Supplied Items bought to purchasers launched to the Firm by eligible finders. In lieu of receiving $321,760 in money, one finder acquired 1,005,500 Supplied Items on the Concern Value, which Supplied Items are included within the whole variety of Supplied Items issued pursuant to the Sidecar Non-public Placement. Every of the Finder’s Warrants will entitle the holder to buy one Frequent Share at an train value of $0.32 per Finder’s Warrant exercisable for a interval of two years from the date of issuance of such Finder’s Warrant.
Itemizing of the Frequent Shares issued and issuable pursuant to the Sidecar Non-public Placement and the LIFE Providing stays topic to remaining acceptance of the TSX-V. The securities issued underneath the Sidecar Non-public Placement are topic to a Canadian statutory maintain interval of 4 months and in the future from the date of issuance. The securities issued underneath the LIFE Providing aren’t topic to Canadian resale restrictions. The Finder’s Warrants and any Frequent Shares issuable on train thereof are topic to a Canadian statutory maintain interval of 4 months and in the future.
For additional info concerning the LIFE Providing, please see the Firm’s information releases dated October 20, 2025, and September 24, 2025, accessible on the Firm’s profile on SEDAR+ at www.sedarplus.ca.
Sure subscribers underneath the Sidecar Non-public Placement are members of administration of the Firm. The issuance of Supplied Items to administration of the Firm constitutes a “associated occasion transaction” as outlined underneath Multilateral Instrument 61-101 (“MI 61-101“). This transaction is exempt from the formal valuation and minority shareholder approval necessities of MI 61-101 as neither the honest market worth of any securities issued or the consideration paid by such individuals will exceed 25% of the Firm’s market capitalization. The Firm didn’t file a cloth change report in respect of the associated occasion transaction 21 days previous to the closing of the Sidecar Non-public Placement as the main points of the participation of insiders of the Firm had not been confirmed at the moment.
About Lion One Metals Restricted
Lion One Metals is an rising Canadian gold producer headquartered in North Vancouver BC, with new operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Mission in Fiji. The Tuvatu mission contains the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Firm additionally has an in depth exploration license masking the complete Navilawa Caldera, which is host to a number of mineralized zones and extremely potential exploration targets.
On behalf of the Board of Administrators of
Lion One Metals Restricted
“Walter Berukoff“
Chairman of the Board
Neither TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
Ahead-Trying Data
This information launch accommodates ahead‐wanting statements and ahead‐wanting info throughout the which means of relevant securities legal guidelines. All statements aside from statements of historic truth could also be ahead‐wanting statements or info. Ahead-looking statements are regularly recognized by such phrases as “might”, “will”, “plan”, “anticipate”, “anticipate”, “estimate”, “intend” and comparable phrases referring to future occasions and outcomes. The ahead‐wanting statements and knowledge are based mostly on sure key expectations and assumptions made by administration of the Firm. Ahead-looking statements made on this information launch embrace statements concerning the anticipated use of proceeds of the LIFE Providing and the Sidecar Non-public Placement, the focuses of the Firm following completion of the LIFE Providing and Sidecar Non-public Placement and the ultimate approval of the TSX-V. Though administration of the Firm believes that the expectations and assumptions on which such forward-looking statements and knowledge are based mostly are affordable, undue reliance shouldn’t be positioned on the ahead‐wanting statements and knowledge since no assurance might be on condition that they may show to be right.
Ahead-looking statements and knowledge are supplied for the aim of offering details about the present expectations and plans of administration of the Firm regarding the long run. Readers are cautioned that reliance on such statements and knowledge is probably not acceptable for different functions, comparable to making funding choices. Precise outcomes might differ materially from these at the moment anticipated resulting from various elements and dangers, together with, the timing of TSX-V approval; with respect to the usage of proceeds, the sufficiency of the proceeds; the speculative nature of mineral exploration and growth; fluctuating commodity costs; and competitors, as described in additional element in our latest securities filings accessible at www.sedarplus.ca. Accordingly, readers shouldn’t place undue reliance on the ahead‐wanting statements and knowledge contained on this information launch. Readers are cautioned that the foregoing checklist of things will not be exhaustive. The ahead‐wanting statements and knowledge contained on this information launch are made as of the date hereof and no endeavor is given to replace publicly or revise any ahead‐wanting statements or info, whether or not on account of new info, future occasions or in any other case, until so required by relevant securities legal guidelines. The forward-looking statements or info contained on this information launch are expressly certified by this cautionary assertion.
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